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India's Feb palm oil imports down 23pc m/m NEW DELHI: India's palm oil imports fell to 509,948 tonnes in February from 658,670 tonnes in the previous month, its second month in a row, data from the Solvent Extractors' Association of India (SEA) showed on Friday.Traders had forecast imports between 450,000-520,000 tonnes by the world's biggest palm oil buyer, including 50,000-70,000 tonnes of refined palm oil, for the month.The drop in palm oil imports was due to a decline in the purchase of the crude variant which was slightly costlier than in the previous monthCopyright Reuters, 2015 ...

CBOT wheat may retrace to $5.03-1/2 SINGAPORE: CBOT May wheat may retrace to support at $5.03-1/2 per bushel, as it failed to break resistance at $5.11-1/2.The resistance and the support are identified respectively as the 50 percent and the 38.2 percent Fibonacci retracements on the fall from the Feb. 17 high of $5.45 to the March 6 low of $4.78-1/4.A break below $5.03-1/2 could cause a further loss to $4.94, the 23.6 percent retracement, while a break above $5.11-1/2 could trigger ...
Spot gold's target at $1,131.85 temporarily aborted SINGAPORE: A bearish target at $1,131.85 per ounce has been temporarily aborted for spot gold , as it failed to break a support at $1,156.The support is provided by the 86.4 percent Fibonacci retracement on the uptrend from the $1,131.85 to the Jan. 22 high of $1,306.20, working as the last barrier towards $1,131.85.The failure has led to a bounce, which may extend to the resistance at $1,173, the 76.4 percent retracement. The target at ...
LME copper to test resistance at $5,960 SINGAPORE: LME copper is expected to test a resistance at $5,960 per tonne, a break above which will lead to a further gain to $6,040.It seems a double-bottom has formed around a support at $5,723, the 38.2 percent Fibonacci retracement on the rise from the Jan. 26 low of $5,339.50 to the March 2 high of $5,960.This pattern has been confirmed as its neckline at $5,869 was broken, pointing a target at $6,040. However, this ...
LME aluminium to test support at $1,732 SINGAPORE: LME aluminium is expected to test a support at $1,732 per tonne, a break below which will open the way towards $1,671.25.The support is at the 86.4 percent Fibonacci retracement on the uptrend from the Feb. 3, 2014 low of $1,671.25 to the Aug. 29, 2014 high of $2,119.50. A trendline descending from the Oct. 2, 2014 low of $1,885 and passing through the Jan. 14, 2015 low of $1,757 points to a target ...
Shanghai copper to test resistance at 43,280 yuan SINGAPORE: Shanghai copper is expected to test a resistance at 43,280 yuan per tonne, a break above which will open the way towards 43,850 yuan.A double-bottom forming around 41,680 yuan has been confirmed, as its neckline at 42,760 yuan, the March 10 high, has been exceeded. This pattern points to a target at 43,850 yuan, which will be available when copper climbs above the March 2 high of 43,280 yuan.Support is at 42,640 yuan, the ...
Palm oil to test support at 2,218 ringgit SINGAPORE: Palm oil is expected to test a support at 2,218 ringgit per tonne, a break below which will lead to a further loss to 2,175 ringgit.The support is provided by the 61.8 percent Fibonacci retracement on the rise from the Jan. 30 low of 2,106 ringgit to the March 4 high of 2,400 ringgit, blocking the way towards the 76.4 percent level at 2,175 ringgit.Strategically, a break below the support could be confirmed when ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln